HBYH(SZ:000422) Zheng Quan Zhi Xing·2025-07-16 09:21Core Viewpoint - The company has completed the registration of the reserved grant for the 2024 restricted stock incentive plan, which involves the issuance of 6.0125 million shares at a price of 4.02 yuan per share to 142 core management and key personnel [1][5][9]. Approval Procedures - The company has followed the necessary approval procedures, including the review and approval of the incentive plan draft by the board of directors and the supervisory board [2][3]. - Legal opinions and independent financial advisory reports were provided to support the implementation of the incentive plan [2][3]. Reserved Grant Details - The reserved grant date is set for June 30, 2025, with a total of 6.0125 million shares reserved for grant [5][9]. - The reserved grant price is adjusted to 4.02 yuan per share, and the shares will be sourced from the company's A-share ordinary stock [5][9]. - The reserved grant includes 142 individuals, primarily core management and key personnel [5][9]. Lock-up Period and Release Conditions - The lock-up period for the granted restricted stocks is 24 months from the completion of the grant registration [5][7]. - After the lock-up period, the release of the restricted stocks will occur in three phases based on performance assessments over the years 2024 to 2026 [6][7]. Performance Assessment Requirements - The performance assessment will be conducted annually, with specific targets set for revenue growth and net profit growth [7][8]. - The targets include a minimum revenue growth of 20% for the first assessment period and a net profit growth of 40% for the third assessment period [7][8]. Impact on Company - The implementation of the incentive plan is expected to have a positive impact on the company's long-term performance by enhancing management motivation and operational efficiency [10]. - The estimated impact on accounting costs due to the stock payment expenses will be recognized over the years 2025 to 2029 [9][10].